StephenBell

Demand growth for the commodity used to make steel will drop "to single digits if it is not already there," Ian Ashby told a press conference in Perth.

BHP earlier hit an intraday low of 35.25 Australian dollars (US$37.28) after Chairman Jac Nasser said BHP is re-evaluating its capital spending plans as slowing Chinese growth prompts a more cautious outlook for commodity demands, according to the Australian Financial Review.

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